Do bonds hedge stocks? today: value, history and context

Data as of Oct 27, 2026

+0.22 Poor

Higher than on 81% of the days of the last 10 years.

Change over 1 week: −0.16. Over 1 month: −0.23.

Last month

Date	Value	Colour
Oct 27, 2026	+0.22	Poor
Oct 26, 2026	+0.29	Poor
Oct 23, 2026	+0.29	Poor
Oct 22, 2026	+0.28	Poor
Oct 21, 2026	+0.39	Poor
Oct 20, 2026	+0.39	Poor
Oct 19, 2026	+0.39	Poor
Oct 16, 2026	+0.39	Poor
Oct 15, 2026	+0.41	Poor
Oct 14, 2026	+0.38	Poor
Oct 13, 2026	+0.43	Poor
Oct 12, 2026	+0.43	Poor
Oct 9, 2026	+0.43	Poor
Oct 8, 2026	+0.44	Poor
Oct 7, 2026	+0.47	Poor
Oct 6, 2026	+0.47	Poor
Oct 5, 2026	+0.47	Poor
Oct 2, 2026	+0.49	Poor
Oct 1, 2026	+0.49	Poor
Sep 30, 2026	+0.49	Poor
Sep 29, 2026	+0.49	Poor
Sep 28, 2026	+0.45	Poor

Over the last 10 years

High: +0.57 (Jun 11, 2026).
Low: −0.68 (Mar 10, 2020).
A year ago: −0.21.

What it is

Negative: when stocks fall, bonds tend to rise and cushion the portfolio. Positive (as in 2022): both fall together and bonds do not hedge. Correlation of daily SPY (stocks) and TLT (20+ year Treasuries) returns over 63 sessions. Part of the theme "Backdrop for stocks": How macro conditions bear on stock investors: whether bonds hedge, what the market expects from the Fed, appetite for growth and bank credit.

How to read it

Higher means more risk. The colour compares today’s value with the indicator’s own last 10 years: "Good" is the most favourable third of its history, "Poor" the most strained. It describes the present and anticipates nothing.

Frequently asked questions

What is Do bonds hedge stocks??

What does a high value mean?

The higher, the more risk or strain. The colour compares it with its last 10 years: its high and low over that period are shown above.

Does it predict the stock market?

No. It describes where things stand today against their history, with no forecasts or recommendations.

See the detail on Stock Signal Lab →